Spasm escalation: Russia’s last weapon has been spent

Russia has its back against the wall. Western analysts have missed this fact. Indeed, they have completely misinterpreted Russia’s “escalation ladder,” the technical term for the set of responses Russia sees at each stage of the Ukraine war. The “gas weapon” that Russia has just employed, a full supply cut, signals the Kremlin’s long-term intention of decoupling from […]

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How to save the global free trade order

The world faces unprecedented and difficult challenges, including US-China rivalry, the Russian invasion of Ukraine, the Covid-19 pandemic, climate change and supply chain disruptions. One consequence of these challenges is the possible division of the world economy into two or more political blocs, not unlike the situation that prevailed before the Second World War. To […]

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